Citigroup Inc. (NYSE:C) Shares Acquired by Schnieders Capital Management LLC

Schnieders Capital Management LLC grew its holdings in Citigroup Inc. (NYSE:C) by 34.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,237 shares of the company’s stock after buying an additional 3,424 shares during the quarter. Schnieders Capital Management LLC’s holdings in Citigroup were worth $681,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Carmel Capital Partners LLC acquired a new position in Citigroup during the third quarter worth $25,000. Rakuten Securities Inc. acquired a new position in Citigroup during the fourth quarter worth $35,000. GHP Investment Advisors Inc. raised its holdings in Citigroup by 73.8% during the third quarter. GHP Investment Advisors Inc. now owns 683 shares of the company’s stock worth $28,000 after purchasing an additional 290 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in Citigroup by 75.0% during the third quarter. AlphaMark Advisors LLC now owns 700 shares of the company’s stock worth $29,000 after purchasing an additional 300 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners acquired a new position in Citigroup during the fourth quarter worth $39,000. 71.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on C shares. HSBC raised their price target on Citigroup from $61.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. BMO Capital Markets downgraded Citigroup from an “outperform” rating to a “market perform” rating and set a $57.00 price target for the company. in a research report on Wednesday, January 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Citigroup in a research report on Monday, April 1st. Keefe, Bruyette & Woods raised their price target on Citigroup from $54.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Finally, Evercore ISI lifted their price objective on Citigroup from $58.00 to $60.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.91.

Citigroup Stock Up 2.8 %

Shares of NYSE:C traded up $1.70 during trading on Tuesday, hitting $62.66. The company’s stock had a trading volume of 17,421,513 shares, compared to its average volume of 17,179,559. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $63.90. The stock’s 50-day moving average price is $58.64 and its two-hundred day moving average price is $51.62. The company has a market capitalization of $120.00 billion, a PE ratio of 18.54, a PEG ratio of 0.89 and a beta of 1.52.

Citigroup (NYSE:C) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.29. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The firm had revenue of $21.10 billion for the quarter, compared to analysts’ expectations of $20.46 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. Citigroup’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Citigroup Inc. will post 5.97 EPS for the current year.

Citigroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup’s dividend payout ratio (DPR) is presently 62.72%.

Citigroup Company Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.